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Former Congresswoman Marjorie Taylor Greene called for urgent action to construct new refineries in America, citing the lack of major new refineries since 1977. Greene took to X on Thursday to criticize the government’s lack of success in building new refineries in the country, calling it “the most absurd, ridiculous,
Darden Restaurants (NYSE: DRI ) held its first-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. The full earnings call is available at Summary Darden Restaura
The S&P 500 index advanced to within 1% of its record high on Monday while its constituents simultaneously registered more 52-week lows than highs, triggering a market signal observed only twice in the past century. Historical Market Breadth Signal On Monday, the S&P 500 rose 1.49% to close at 7,764.70. This places the
Former Congresswoman Marjorie Taylor Greene has backed the President Donald Trump administration’s plan to cut down on diesel exports, but GasBuddy analyst Patrick De Haan warns the move could do more harm than good in the long term. Banning Diesel Exports is an America First Move In a post on X on Monday, Greene toute
A global diesel shortage, exacerbated by conflicts in Ukraine and Iran, is unlikely to ease before next year. US diesel inventories are at a record low for this time of year, and the EIA forecasts them to remain below 100 million barrels through 2026 and into 2027.
The Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting its benchmark a quarter point to 3.75%-4%. The vote was unanimous, 12-0, and 16 of the 18 policymakers who submitted forecasts penciled in at least one more increase this year. Inflation is running at 3.4%, unchanged from July bu
Seven months into the Iran war, crude has once again touched above $105 a barrel, just weeks after trading as low as $68. Refined-product markets have tightened systemically, forcing commodity desks to abandon the models they relied on when hostilities began. The strain is now as physical as it is financial. Saudi Arab
President Donald Trump is reportedly mulling over whether the U.S. could restart military strikes against Iran, but former counterterrorism chief Joe Kent believes the White House should pull troops out of the Middle East. Trump Touts Big Decision In an interview with Axios on Thursday, Trump said that he had a “big de
Americans aged 40 to 59 now account for nearly half of all new consumer bankruptcies, the largest share for that age bracket since 2017, as middle-aged households buckle under debt and rising costs. Middle-Aged Americans Lead the Rise Consumers aged 40-49 made up 26.8% of new bankruptcies, the highest share for that ag
Costco Wholesale Corp. (NASDAQ: COST ) has raised prices on its private-label motor oil and introduced weekly purchase limits, as rising crude oil costs tied to the ongoing conflict in the Middle East ripple through the auto care aisle. Prices Nearly Double, Purchases Get Capped Costco’s Kirkland Signature full-synthet
Sen. Elizabeth Warren (D-Mass.) blamed President Donald Trump ‘s war in Iran for rising gas prices squeezing American families, while Trump has argued that other countries should “reimburse” the U.S. for keeping the Strait of Hormuz open. ‘All This for a War He Can’t Even Explain’ Gas prices have climbed to $4.15 a gal
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks ended the week lower despite a Friday rebound, as surging oil prices, rising Treasury yields and growing expectations for a Federal Reserve rate hike pressured equities. The S&P 500 fell
By Konrad PutzierSix months into the Iran war, rising oil and gas prices are driving up inflation. Diesel on Friday topped $6 a gallon for the first time on record, and gasoline prices remain near the highest levels since 2022.At the same time, beyond the gas pump and airline terminal, there are fe…
Kroger said second-quarter identical sales without fuel rose 0.2% and adjusted EPS was $1.09. The company also lowered full-year identical sales guidance without fuel to 0.2% to 0.8% while maintaining its adjusted operating profit outlook.
AAA said U.S. diesel’s national average topped $6 for the first time at $6.05/gallon, up more than 60% from $3.71 a year ago. Gasoline rose to $4.29/gallon.
AAA says the U.S. national average for diesel reached $6.0556 a gallon for the first time on record.
Diesel prices crossed $6 a gallon nationally for the first time, according to the report. The article says the move may add inflation pressure across the supply chain as trucking and other transport costs rise.